Vince Young may have possessions seized to pay off $1.7 million loan | Shutdown Corner - Yahoo! Sports
It is always sad and shocking to see people with money burn through it all. Such is the case of Vince Young.
Vince Young may have possessions seized to pay off $1.7 million loan | Shutdown Corner - Yahoo! Sports:
"Young's fall has been precipitous....Young signed a contract in July 2006 that, in theory, could have set him up for life. The No. 3 overall pick of the 2006 NFL draft, Young's
Just How Generous Are Detroit's Worker Pensions for Retirees? - Yahoo! Finance
This is somewhat surprising:
Just How Generous Are Detroit's Worker Pensions for Retirees? - Yahoo! Finance:
"...basic takeaway was that [Detroit's] pension system itself was not overly generous," said Jean-Pierre Aubry, assistant director of State and Local Research at Boston College's Center for Retirement Research."
Just How Generous Are Detroit's Worker Pensions for Retirees? - Yahoo! Finance:
"...basic takeaway was that [Detroit's] pension system itself was not overly generous," said Jean-Pierre Aubry, assistant director of State and Local Research at Boston College's Center for Retirement Research."
Great lessons from 25IQ (and Daniel Kahneman) | 25iq
Great stuff!
Great stuff! A Dozen Things I’ve Learned About Investing from Daniel Kahneman | 25iq:
A Dozen Things I’ve Learned About Investing from Daniel Kahneman
1. “Many individual investors lose consistently by trading, an achievement that a dart-throwing chimp could not match.” Leonard the Wonder Monkey will beat a muppet in an investing contest. Not only will muppets
Brain sets prices with emotional value
Brain sets prices with emotional value:
Not super surprised by this one:
"...after a series of experiments in which subjects were asked to modify how they felt about something either positively or negatively, the Duke group is arguing that emotional and economic calculations are more closely related than brain scientists had realized. The study appears July 3 in the Journal of Neuroscience."
Ritholtz: You Can “Eat Cat Food Tacos In Retirement,” Or You Can Do This… | Daily Ticker - Yahoo! Finance
Ritholtz: You Can “Eat Cat Food Tacos In Retirement,” Or You Can Do This… | Daily Ticker - Yahoo! Finance:
"In a recent column in The Washington Post, Ritholtz offered advice to investors who can’t get the memories of 2008 out of their minds and missed out on the massive rally since the March 2009 lows. In the accompanying video, he summarizes the advice for taking emotions out of investing:
"In a recent column in The Washington Post, Ritholtz offered advice to investors who can’t get the memories of 2008 out of their minds and missed out on the massive rally since the March 2009 lows. In the accompanying video, he summarizes the advice for taking emotions out of investing:
Forget self-denial: Key to richer, healthier life is a good imagination - Red Tape
Forget self-denial: Key to richer, healthier life is a good imagination - Red Tape:
The "He" is Joesph Kable from Penn.
"Recently, his research took an inspirational turn. He found that subjects whose brains show added activity when imagining the future also make better decisions about money. Kable suspects that consumers who can really, viscerally imagine how great that new car will smell
Former Enron CEO Skilling's sentence cut to 14 years - Yahoo! Finance
Former Enron CEO Skilling's sentence cut to 14 years - Yahoo! Finance:
"Former Enron Corp Chief Executive Jeffrey Skilling's near decade-long quest to prove he did nothing wrong at the once high-flying energy-trading behemoth ended on Friday when a federal judge shaved 10 years off of his prison sentence."
Why would an organization enourage such a conflict of interest?
I realize organizations need money but sometimes conflicts of interest seem to dominate common sense. A case in point:
The New Rules for Sunscreen - NYTimes.com:
"Take endorsements and seals of approval with a grain of salt. The Skin Cancer Foundation gives a “seal of recommendation” to sunscreens, but only if their manufacturer has donated $10,000 to become a member of the organization."
S&P cuts Berkshire Hahaway's rating, but barely.
S&P cuts Berkshire Hathaway rating by one notch to 'AA' - Yahoo! Finance:
"The lower credit rating on BRK better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income," said Standard &Poor's credit analyst John Iten."
How to bond rating agencies work? Here are a few good links:
From Wikipedia: (they have really cool tables showing defaults by
SEC subpoenas ‘political intelligence’ firms in a case of leaked information - The Washington Post
SEC subpoenas ‘political intelligence’ firms in a case of leaked information - The Washington Post:
" The latest case emerged April 1 when Height Securities, a Washington-based stock brokerage firm, alerted its clients that the government would soon make a decision favoring private health insurers who participate in a Medicare program.
The alert went out 18 minutes before the end of the trading
" The latest case emerged April 1 when Height Securities, a Washington-based stock brokerage firm, alerted its clients that the government would soon make a decision favoring private health insurers who participate in a Medicare program.
The alert went out 18 minutes before the end of the trading
Futurity.org – Bad deeds can tarnish money’s value
Futurity.org – Bad deeds can tarnish money’s value:
"Our work suggests morality is an important force shaping economic decision-making,” says Jennifer Stellar, a doctoral student in psychology at University of California, Berkeley, and lead author of the study. “Though we often think $50 is $50, these results demonstrate that when money takes on negative moral associations, its value is
"Our work suggests morality is an important force shaping economic decision-making,” says Jennifer Stellar, a doctoral student in psychology at University of California, Berkeley, and lead author of the study. “Though we often think $50 is $50, these results demonstrate that when money takes on negative moral associations, its value is
Are hedge fund investors beginning to relaize returns are not that great?
In some recent papers, researchers argue that the return from an investment mainly results from exposure to systematic risk factors. Jaeger, L., Wagner, C., “Factor Modelling and Benchmarking of Hedge Funds: Can passive investments in hedge fund strategies deliver?”, Journal of Alternative Investments (Winter 2005) (Photo credit: Wikipedia)
First the "what": Investors are redeeming hedge
Mercury News interview: Meir Statman, Santa Clara University professor of finance - San Jose Mercury News
Finance (Photo credit: Tax Credits)
Mercury News interview: Meir Statman, Santa Clara University professor of finance - San Jose Mercury News:
"Santa Clara University finance professor Meir Statman believes that American employers should be forced to set up retirement plans for their workers for one simple reason: "People are stupid," he said.
Statman, an expert in behavioral finance,
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